Bitcoin’s $100K: A Historic High or a Risky Mirage for Investors?

Bitcoin’s recent surge shows strong investor confidence, but volatility remains high. Support at $96,000 and resistance near $104,000 could shape Bitcoin’s price moves. BTC’s price in December 2024 may fluctuate between $95,440 and $107,264. Bitcoin’s breach of the $100K mark reaped substantial gains to early investors, but then it also raises concerns for those considering entering the market now. In fact, as Bitcoin reaches new price highs, skeptics like Peter Schiff warn of the potential risks for future buyers. Back in 2019, Schiff dismissed the idea of Bitcoin ever reaching $100,000—a claim that now seems misplaced, as the cryptocurrency even traded over $101,000 for a brief period. While those selling #Bitcoin are cashing out with huge gains, the windfall comes at the expense of buyers left holding the bag. The larger loss will be to society as a whole, as a result of all the capital wasted on this nonsense, that otherwise could have been used productively. — Peter Schiff (@PeterSchiff) December 5, 2024 Bitcoin’s Surge and the Market Sentiment Bitcoin’s rapid rise goes beyond just price; it reflects a broader shift in market sentiment. At $10… The post Bitcoin’s $100K: A Historic High or a Risky Mirage for Investors? appeared first on Coin Edition .

Source: Coin Edition